NEW YORK, Nov. 14, 2016 /PRNewswire/ -- "The intelligent platform management interface market growth directly linked with the worldwide increasing deployment of data center and telecommunication equipment" The IPMI market was valued at USD 1.20 billion in 2015 and is expected to reach USD 3.10 billion by 2022, at a CAGR of 13.2% between 2016 and 2022. The most significant factor driving the IPMI market is the rising demand for enhanced server management, along with the reduced cost of ownership; also, increase in ICT spending, growing trend of data center adoption by organizations, and rising need for standardized server management platform are the factors driving the market growth. Insufficient management tools for modern data centers is the factor inhibiting the growth of this market. "Server end-use application is expected to be the fastest-growing application in the IPMI market during the forecast period"The IPMI market for the server application is expected to grow at the highest rate between 2016 and 2022. . Apart from the fact that the intelligent platform management interface was mainly designed for the server management, the remote access of the server has become increasingly very important. The mission-critical server environment has made it important to monitor server health throughout the day. The intelligent platform management interface was mainly designed for the sever management by Intel (U.S.), Dell (U.S.), HPE (U.S.), and NEC ( Japan). The growing demand for servers across the geography because of wide deployment of data centers is driving the market for IPMI. BFSI sector is expected to be hold the largest market share of the IPMI market by 2022The intelligent platform management interface (IPMI) has its applications in various vertical such as banking, financial services, and insurance (BFSI), healthcare, IT and Telecom, education and research, manufacturing, public sector, retail, and other verticals. The BFSI sector held the largest market share in 2015, and the healthcare sector is expected to grow at a higher rate during the forecast period. The BFSI industry vertical comprises mainly banks, insurance companies, and stockbrokers, and deals with large workforce, assets in different locations, and diverse customer profiles. In today's scenario, the economic and financial sector reform has strengthened the automation and expansion of IT infrastructure, which transformed not only the operating environment of banks and financial institutions but has also played a significant role in structuring and strengthening economies of countries such as Brazil, India, and the UAE. Thus, this market is being adopted in the BFSI industry. "APAC is the fastest-growing region for the IPMI market during the forecast period"APAC is expected to be the fastest-growing region of the IPMI market between 2016 and 2022. The IPMI market in China and Japan is increasing because of the influx and growth of IT and telecommunication sector. The surge in growth is attributed to the technological advancements, along with mandatory regulations imposed by government regulatory entities to adopt the best-in-class technology and standards. The breakup of primaries conducted during the study is depicted in below.By Company Type: Tier 1 Companies - 55%, Tier 2 Companies - 20%, and Tier 3 Companies - 25% By Designation: C-Level Executives - 75% and Managers - 25%By Region: North America - 40%, Europe- 30%, APAC - 20%, and RoW - 10%Some of the major players include Intel Corporation (U.S.), NEC Corporation ( Japan), ARM Holdings Inc. (U.K.), Dell, Inc. (U.S.), HPE (U.S.), Microsoft (U.S.), Softlayer Technologies, Inc. (U.S.), Emerson (U.S.), Super Micro Computer, Inc. (U.S.), and Cisco (U.S.), among others.